ING AGREES SALE OF SWISS PRIVATE BANKING UNIT

Thursday, October 8, 2009

Dutch bank and insurer ING Group agreed Wednesday to sell it Swiss Private Banking unit to Swiss private bank Julius Baer for 520 million CHF ($505 million), in order to honour a 10 billion euro government bailout loan it received a year ago.

http://www.nytimes.com/2009/10/08/business/global/08ing.html


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